Ethereum Merge?

Ethereum Merge Expected Around the 15th
Power Consumption to Decrease and Scalability to Improve

[Asia Economy Reporter Junho Hwang] Ethereum is expected to enter the Merge on the 15th. As the Ethereum mainnet merges with the Beacon Chain, Ethereum will transition from Proof of Work to Proof of Stake, and it is anticipated that scalability will increase in the future.

Seongwook Hong, a researcher at NH Investment & Securities, stated that the Ethereum Merge represents "the biggest change in the Ethereum ecosystem, where the blockchain consensus mechanism shifts from Proof of Work to Proof of Stake, replacing miners with validators." The Ethereum Merge has been discussed since 2017 but was delayed several times and is now scheduled for between the 10th and 20th. Ethereum developers are targeting around September 15 for the Merge to occur.

Ethereum has faced criticism for consuming large amounts of electricity, but after the Merge, energy consumption is expected to decrease by more than 99%. Additionally, staking 32 ETH without expensive equipment will enable users to perform validator duties. An increase and diversification of validators will contribute to Ethereum's decentralization and enhanced security.

Researcher Hong predicted, "General users are unlikely to notice changes immediately after the Merge," and added, "Contrary to some expectations, the scalability of the Ethereum network will not significantly change." He also noted that transaction speed and gas fees are expected to improve gradually through subsequent upgrades based on the Merge.

This content was produced with the assistance of AI translation services.